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Affordability Criteria Update – 04.01.23

04/01/2023

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As we are continuously looking to enhance and improve our proposition, to help with affordability we have recently introduced some new income additions to our lending policy, such as;

⭐ zero-hours contracts (50% where another applicant has a primary income source usable at 100%)
⭐ child benefit (50% where supported by main income up to £50k)
⭐ working family / child tax credit (50% where supported by main income)

That’s not all, did you know that we already consider 50% investment income and 50% of regular overtime / commission / annual bonus.

To see our acceptable income types in full, please visit our Criteria Page for more information or call our dedicated sales team today

☎ 01664 414144 (option 1)
📧 sales@mmbs.co.uk
💻 live chat via our website